Why IRS CI is Targeting Businesses that Received PPP Loans and Claimed the ERTC
News, Offshore Account UpdatePosted in on March 31, 2023
The Paycheck Protection Program (PPP) and Employee Retention Tax Credit (ERTC) were relief programs intended to help support qualifying businesses during the COVID-19 pandemic. Unfortunately, both of these programs became targets for fraud; and, as a result, IRS Criminal Investigation (IRS CI) is now scrutinizing businesses in Virginia and other states that took advantage of these programs.
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